Real Property Owners definition
Examples of Real Property Owners in a sentence
Purchaser will receive a credit on the Purchaser’s Statement for the prorated amount (as of 11:59 p.m. of the day immediately preceding the Closing Date) of all Rents and License Fees previously paid to or collected by the Real Property Owners and attributable to the Closing Date or any period thereafter.
The Mariner Entities may secure such engineering, legal, and other specialized technical and professional services as may be necessary to advise or to represent the Mariner Entities, the Proposed SNH Licensees, the Manager and the Real Property Owners for each Facility, in connection with any matter involving or arising out of the operation of the Facilities or the conduct of the Facilities.
Borrower shall execute and deliver, or cause to be executed and delivered to Lender such agreements, documents, and instruments in form and substance acceptable to Lender, as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at the Premises, including without limitation, UCC-1 Financing Statements and Waivers and Consents by Real Property Owner(s) and/or Bailment and Security Agreements.
Seller presently is the sole member of (i) First States Investors 5000A, LLC, a Delaware limited liability company (the “Portfolio Property Owner”), (ii) GKK Independence Square Lot, LLC, a Delaware limited liability company (the “Parking Lot Property Owner”; together with the Portfolio Property Owner, the “Real Property Owners”), and (iii) AFR Defeasance Pool 1, LLC, a Delaware limited liability company (the “Defeasance Securities Owner”; together with the Real Property Owners, the “Owners”).
At the Closing, Company shall reimburse Seller for commissions, the cost of tenant improvements, and all other out-of-pocket leasing costs and expenses paid by Real Property Owners with respect to all Lease amendments, expansions or renewals or new leases that were entered into after the Effective Date in accordance with the terms of Section 5.3.
The Real Property Owners shall continue to hold all tenant security deposits.
Borrower shall execute and deliver, or cause to be executed and delivered to Lender such commercially reasonable agreements, documents, and instruments in form and substance reasonably acceptable to Lender, as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at the Premises/Other Locations, including without limitation, UCC-1 Financing Statements, Waivers and Consents by Real Property Owner(s), and/or bailment agreements.
In the event of any loss or damage to all or any portion of the Real Property, Owners shall give written notice thereof to Operating Partnership promptly after Owners learn or receive notice thereof.
Within 30 days of the Effective Date of the Settlement, (1) TIN will deposit $4,250,000 with the Escrow Agent to form the Real Property Owners Fund; (2) TIN will deposit $2,750,000 with the Escrow Agent to form the Business Entities Fund; (3) TIN will deposit $1,500,000 with the Escrow Agent to form the Other Impacted Persons Fund; and (4) TIN will deposit $500,000 with the Escrow Agent to form the Other Losses Fund.
Concurrently with the Closing, Seller and Company shall deliver to the other executed closing statements mutually agreed by the parties and consistent with this Agreement, and Seller shall cause the Real Property Owners to execute at the Closing, and deliver to each tenant immediately after the Closing, tenant notices substantially the form of Exhibit E attached hereto.